The Official Calls For Change Roll In: "Fire Geithner"

The first official demand for a change at the top as a result of the S&P downgrade has come in, courtesy of Indiana State Treasurer Richard Mourdock, who has just demanded the head of the most incompetent and tax evading Treasury Secretary in US history, on a silver platter. "President Obama should fire U.S. Secretary of the Treasury Tim Geithner over the debt downgrade. If Obama won't remove him, then the US Senate should withdraw its consent of Geithner's appointment to U.S. Treasury because someone in the White House needs to be held responsible for this disaster." Zero Hedge fully endorses this perspective.

IN State Treasurer Richard Mourdock, US Senate Candidate running against 35 year incumbent Senator Dick Lugar in the 2012 Republican Primary, reacted to the historic news that Standard & Poor's (S&P) downgraded the United States' long-term debt, which highlights an overall concern about the financial health of our country.

"The downgrade by S&P of our debt from 'AAA' to' AA+' is a serious event that will impact all Americans. Financial markets will open Monday to see the United States with a credit rating of less than 'AAA' for the first time ever. How the markets will respond is impossible to predict.

"This downgrade is the direct result of raising the debt limit on Tuesday, August 2, without providing for substantive cuts in spending. The White House and many in Congress failed in their jobs by settling for a political compromise rather than seeking a fiscal resolution. They avoided the tough decisions on real cuts in spending by simple kicking 'the tin can of responsibility' further down the road. The downgrade reminds us that failing to act has consequences. Of no surprise to many Hoosiers, Dick Lugar was counted among the majority of Senators who agreed to the debt-ceiling compromise that was quickly signed by President Obama.

"President Obama should fire U.S. Secretary of the Treasury Tim Geithner over the debt downgrade. If Obama won't remove him, then the US Senate should withdraw its consent of Geithner's appointment to U.S. Treasury because someone in the White House needs to be held responsible for this disaster.

"S&P's downgrade illustrates its viewpoint of our entire economy, not just the government's ability to pay its bills. In mandating its downgrade, S&P, in effect, is stating that they have less confidence in the United States' economy to grow and recover in the long run. They believe the United States is losing the ability to create the wealth, which is the basis of the taxes the government needs to pay its bills.

"Perhaps there is a silver lining to this very dark cloud. The sound proposals offered in the Cut, Cap and Balance Plan can again be put on the table. This terrible situation might yet cause a Balanced Budget Amendment to be added to the United States Constitution.

"Moving forward, there will again be calls for 'bi-partisanship' to solve this latest fiasco. Let me be clear, we need less bi-partisanship and more conservative, fiscal principles in this on-going debate. Bi-partisanship has taken us to the brink of bankruptcy and now to our first ever financial downgrade.

"Conservatives have said for years that the federal government must be forced to live within its means. I take some consolation that S&P has now echoed our call."

It is time for Barry to govern by decree while invoking NSPD 51: suspend the Constitution, declare Martial Law, confiscate all types of guns -either by peaceful or coercive means- and place under strict quarantine those who may try to revolt (FEMA camps have been designed for such purpose).

Besides that, it is good to remind the audiences that Americans are a bunch of stupid animals easy to manipulate and subdue.The sooner the US economy collapses the better, so these brutes will finally learn NOT to live beyond their means.

Here & in the now… some of the public figures we see & hear are guilty as sin. (still ?!?). The “enemy within the gates” is so much more heinous than what we may have imagined. It is abominable the MSM treat them like superstars. Disgusting … Blah, spit, puke :-(

“This is the illuminati / satanic movement in this country today.”“Right up to the White House.”-Ted Gunderson

KABUL (Reuters) - A NATO helicopter crashed during a battle with the Taliban in Afghanistan, killing 31 U.S. soldiers and seven Afghans, the Afghan president said on Saturday, the deadliest single incident for foreign troops in 10 years of war.

More propaganda, and it's gotten so bad (the propaganda) the story contradicts the headline.

But none of that changes the need to get out of bankster wars. (and obviously fire Timmy, Bernanke, etc.)

Pass Glass-Steagall

Our rating cut is bullshit, because we wouldn't cut spending, for a fraudulent debt problem. Standard and Whores said to cut 4 trillion to pay off the fraudulent debt, and we didn't.

Obama, like all politicians play both sides against the middle, instead of taking the fight to the banksters in earnest. He didn't want to cut much, but wanted to fool the ratings agency. Mission not accomplished. He still defaults to the banksters side, but he wanted to have his cake and eat it too. What a Nero.

Cancel the fraudulent debts

Put the tbtf out of business...as well as their co-conspirators (one of many)...the rating agencies.

No way in hell did this really happen. Unless they produce photos of the wreckage and the bodies I am not going to believe a word out of this administration and I never did anyway. You would never have 31 Special Forces operatives on one helicopter in enemy territory. This is straight up propaganda BS to divert attention from the markets on Monday.

You will see this listed as the reason why we must get out of Afghanistan and in the process save $2 trillion that would have been spent on the wars, which will in turn allow the US to keep its AAA debt rating.

Well LBJ's Gulf of Tonkin was "real." LBJ probably killed off the skirt chaser too. WAY too much money to be made on the Vietnam War for LBJ. Inflation adjusted - LBJ and the companies he owned or was a major shareholder in easily cleared a billion off Vietnam. He left office the second wealthiest President ever. Washington adjusted for inflation was a billionaire.

While the other 99 out of 100 of your citizens say, "who's soetoro?" and then continue flipping the channel to Jersey Shore and taking another swig from their miller lite. Give it up man. Americans don't give a shit. The sooner you realize this then the sooner you can continue on with your own emergency survival plans for you and yours.

Since Congress, Bush, and Obama will all claim immunity and pardon eachother, that only leaves select targets. Biden will declare war on Teabaggers and use this crisis to go after all political enemies.

Should have backed up the truck and whipped out the chains on Christmas Eve 2009 when he pledged "unlimited support" to the GSE's. Now Fannie is wanting a few bilion more. Since when did he become Congress?

...I junked you just for having the balls to say what you said when your name is ''Everyman''. You are a dumbshit troop, and I mean that in the most loving way. Let me remind you that we are all assholes. The goal is not to become one. Our weakness is as hosts, of the Truth. How is it we can't overcome the contempt and strong delusion? Our goal is to save every human possible in this war and if you have the full power of the Truth you will. Chevy Chase is a funny reference lol, but come man. http://www.youtube.com/watch?v=8wGiJcq95Ug

Do you really think it's any different for Obama? He's simply doing what the capital machine instruts him to do. There is no govenment, no constitution, no freedom; all have been replaced... makes no difference who sits in the oval office or the halls of congress. Doesn't anyone ever consider that no matter which party or which person(s) occupies any seat of power, the same things keep happening - more spending, more debt, more wars... and the reason for it all - more wealth for the top 2%.

It's all very simple when you've got the right map. Still really hard to trade thou

Have you ever wondered why, if both the Democrats and the Republicans are against deficits, we have deficits? Have you ever wondered why, if all the politicians are against inflation and high taxes, we have inflation and high taxes?

I got no love for any of them, but is he not just a fancy custodian of the money who has no real power over either spending or borrowing? Now Obama should be fired in 2012 for sure - if he does not I think the country is lost and time to move out - seriously.

Timmy looks foolish, certainly. But: Have a better replacement resistant to the financial kleptocracy that can be vetted into DC? Didn't think so... ALL OF DC IS GUILTY in its outright collusion with unreality. Not just Turbo... The problem is >>> no reflections on this level are constructive, nor will they solve anything.

Hmmm.... since I have my strategy, and am sticking to it, there's no reason not to blue-sky.

My guess is that every chart there is is going to look like a waterfall- except the USDX, which will pop nicely. At about lunch time, the S&P 500 will start cautiously climbing again, and gold will jump to $1690, while silver ratchets up to $43.

"Conservatives have said for years that the federal government must be forced to live within its means. I take some consolation that S&P has now echoed our call."

Uhh, how does one live within their means waging multiple wars while maintaining large tax cuts?I think that was a “conservative” operation under a Republican President and Senate was it not?“Said for years” he says.Less than three for sure.What a freaking clown.

It's ironic. Klintoon was the best thing that ever happened to the Republican Party, then Bush gives it all right5 back by acting like a Democrat libtard for 8 years. Now Obama repeats Klintoon and Bush

But the Republicans have said it for years, just not in the years they were in charge. In my opinion the Obama admistration wasted their first two years driving "progressive" agenda, hijacking healthcare and other money drags when those first two years were critical to actually doing something other than spending more money the country doesn't have. HE had full control of government for two years and could have done anything he wanted and the choice he made, instead of fiscal responsiblity was to lie, cheat and steal to get Obama care jammed down the throats of taxpayers. He spent the rest of his time naming a million Czars and patting himself on the back. I really didn't think we could see a more incompetent government than the previous adminstration until I saw this one. I'm sure the one after this will only be worse. It truly is game over for the U.S.

I would like to know how much debt we have forgiven since WWII to poorer nations and how much taxpayer money continues to go to foreign nations. That would be like me charging on my credit card to pay my down on his luck neighbor mortgage. If we are truly to engage in "shared sacrifice" the first sacrifice should come in the form of foreign aide. Other nations should have to get off US taxpayer money before one American feels the pinch. Then move to the next money drain, whatever govt program you want. Dept. of Energy, Dept of Education, Dept of state name here because they are all failures and giant money grabs from taxpayers.

I know it was almost three years ago, but let me refresh your memory... he was elected with a mandate to reform healthcare... with the GOP (and the TP) kicking, screaming, and posturing at every step (ignoring the preference of a clear majority) of the way he was able to broker a flawed agreement in response to that mandate.

That's one of the most ridiculous statements I have ever heard. The vote for Obama was not a mandate for Obamacare. NOT even on the top ten list. The vote for Obama was first and foremost a vote against Bush. Remember a vote for McCain was a vote for Bush continuation. THAT was the main mantra. Not "the first thing we are going to do is jam a flawed healthcare system down our throats". If you remember correctly the most used talking point was the Republican drove the economic car in the ditch and now they are asking for the keys again. It was a mandate to not continue Bush. It was only after the election the famous words uttered by one prominent Chicago gangster politician was "we can't let a good crisis go to waste" Flawed thinking from the beginning. All I've heard over the last six months is how "now we have to focus on jobs and the economy" Hell that should have been the only focus. But instead the focus was hanging Wall Street and hanging corporate America in effigy, and pass mind boggling expensive social programs. Let's at least get the facts straight and not blather in a partisan manner. Obama spent the first two years doing nothing but pointing fingers and avoiding any responsiblity. Now after three years and an election coming up he and his ilk want to point the finger at the Tea Party who have been in control of the house since the first of the year. Damned when does the buck ever stop at his desk. Oh and yes I'm sure the ratings agencies were against us for not raising the unpayable DEBT ceiling faster. The debt they have no faith in us being able to pay back. WTF kind of logic is that

Furthermore when unions don't have to participate in this Obamacare. When Congress nor the president have to use that system. When Bill Nelson of Nebraska will only vote for it if his state is excluded from the rules and the Lousiana Purchase 2.0 takes place I would say sir it was an American Duty to shout against it all teh way to the heavens. It doesn't matter what party you are with, at some point in time fair minded people have to come together for the common good, not point fingers at the other side and never take responsibliity for your own parties crap. That goes for both parties. I'm sure that toothy ass Obama will say something snarky and be cheered by the media.

Again with the political parties we have and have had for the last 4 decades at least it is game over for the USA. The tipping point just past. We and our children and their children will all pay a heavy price for our so called "democratic system" It was a helluva an idea unfortuantely it needed to be in the hands of people of exception, integrity and honor to do what's right for all, not just one side or the other. Or just voting one way out of spite which I suspect is the biggest problem the politicians have.

Brother, you are trying to make sense of nonsense. It's all a giant theft machine, they are feeding of our dying bodies. The parasites are killing the host. Do you really think Obama, who cannot make a move without consulting the blackberry to read his instructions, has some kind of a plan of his own? He is just like that Black President that is selling Allstate insurance now, an actor. Do you think that Allstate dude is the CEO of the Insurance company? He's just a figurehead or symbol for the sheeple, as is Obama. We shouldn't even get mad at these losers, they aren't even smart enough to understand how much damage their masters are doing.

As for Timmha, he is already leaving, it was planned this way, his replacement is the loser from Jersey. Just like the crack dealers rotate the corner kids so the popo don't get wise, they rotate the insider.

Save your comments for another site Paul... everything is Obama's fault at ZH.

Have to say though, even I have a tough time believing it only took about six months for Boehner and Cantor to seriously damage the US financial system... rank amateur, loud mouth, irresponsible dolts do not belong in congress. They are directly responsible for this downgrade and S&P clearly supports that conclusion (without naming names of course)… but of course they will blame the other side (who gave in on almost everything to try to prevent the inevitable) and all the good little TP troops will fall in line and march on to their own demise.

He agreed to extend the Bush tax cuts because your TP friends bocked the extension of the cuts for the poor and middle class (I assume that would be you) unless he agreed to the cuts for the billionaires... do they make you take dope before you're allowed in the TP or something!

The S&P downgrade clearly says that a major portion of their decision was the inability to distinguish between the Democratic and the Republican parties. It isn't Turbo Timmays fault that the tea party won't let raising taxes to be considered.

If this guy is calling for the firing of Timmay he shoudl concurrently be calling for the resignation or recalling of all 100 members of our irresponsible senate.

Fuck you. I pay enough taxes already - feel free to pay more if you want to. That's why I'm a Tea Party supporter. This is not about raising taxes - it's about cutting the spending. Personally I''m sick and tired of supporting a bunch of parasites - and you are obviously one of them. Move out of Mom's basement and get job.

Let's cut spending by reducing military contracts, cutting aid to Israel to the bone, freezing congressional pay and introducing the concept of a co-pay to their very generous health plan, in addition to making them pay into their retirement plan. Cut out the franking privilege that allows them to spread propaganda throughout the country by using the postal service for free.

Audit the Fed and stop sending our money to Eruopean banks while people are looking for work here.

When the teabaggers start acting like they really care about reducing unnecessary spending instead of behaving like increasingly growing white trash wing of the GOP maybe I'll seriously consider what they're peddling. Until then, you're all tools of the Kochs and their buddies.

Something tells me you don't make more than $250K a year, so what's your beef... oh, I forgot "America has a spending problem," and Boehner and Cantor said it so it must be true. Of course you'll pay more in interest because of the inept performance of your hero's, which is in effect an increase in your taxes but don't worry, Grover (the King of the USA) says it's OK cause it doesn't affect the very rich... they pay cash, unless there's a tax subsidy (bunch of parasites) involved in borrowing.

Just curious... what's the Kool-aid flavor of choice in the ole TP these days... anyway, enjoy (carefull though... it's almost all sugar)?

Reverse all of the Bush tax cuts and the revenue covers more than enough to get the AAA rating back (didn't know that did you... I guess Grover, John, and Eric forgot to tell you that one)... and only a complete idiot (or a TP'er) would cut spending (other than military) in the middle of the worst recession in history, which is pretty much what the debt ceiling agreement did... your friends would not allow a single penny of tax increases so S&P did exactly what they said they would do.

Uh huh...ain't gonna happen as long an Ivy League licensed politeer is in the WH.

I find it hilarious that after almost 40 years of BIG stick bully kleptocracy that anyone with 1/2 a frontal lobe still believes in Free Carket Capitalism and/or the Rule of Law!

The entire 'MeriKan experience has been subverted and captured by by the Ivy League Tribe's licensed criminals, and is now nothing but an algorithm-based version of three-card monte.

This is reality - Economics is not about mathematics; The game is about the bankster & politeer tribes abililty to continue LOOT and service the global elite!

Systematically looting the wealth of nations is not a new paradigm...Same shit, different century!

Tribal warlords are only as rich & powerful as the thugs they employ (.MIL + .GOV Policia) coupled with their ability to coerce the consent of the sheeple to rape, pillage & plunder.

If you STILL think that (D) & (R) Free Shit Empire™ will ever do the right thing, or perhaps the Founding Fathers initial concept of a Democratic Republic founded under Natural Law was a mistake, then I'm sure you're not looking for Common Sense solutions at all anyways, and I hope you enjoy the Change you can Bleed/Bleet in.

We now return you to your regularly scheduled bleeting of the sheeple and minimum wage agent provocateurism - Enjoy the T&A pics while they last!

The coercion comes at the end of the cycle. In the meantime, it's a CON job. Based on FAITH. Faith in paper money, faith in Regulatory Democracy, faith in nationalism, faith in Leaders. Faith reinforced by fear-based social themes, rolled out one after another, spewed all over to the point where their ubiquity obscures their absurdity (are we really afraid we will all convert and support Sharia law? Didn't think so. Do we really think avoiding a crash now is worse than the inevitable crash later?). Faith is the belief in something despite lack of evidence and in defiance of evidence to the contrary. This is what gets people to voluntarily support idiotic schemes that transfer their wealth and power over their lives to a bunch of nihilist tapeworms. That faith is crumbling. The tapeworms will not give up willingly. Expect coercion next.

We've got the coercion bit already. Hand over your money or we send you to jail to be ass-raped. Shut up in public or a cop will electrocute you. Force feed your kid antipsychotic drugs or we put them in foster care. Forget about protesting or the FBI breaks into your home. Really piss us off with the whole 'thinking' thing and we imprison you without trial or access to a lawyer, and we torture you for shits 'n giggles.

We're living with fascism right now. The fucking Gestapo didn't go after every German, just the terroristy 'extremists' who didn't salute when instructed. Obama and Bush and all of them were, and are, evil motherfuckers.

Timmy doesn't want the job anymore anyhow so this is nothing more than politics as usual. Timmy is/was one tiny cog in a big machine and only a fool would think his departure will bring any significant change to governmental economic policy. If the S&P was honest it would have downgraded to an D- and that is only because we will never (technically) default due to the magical printing of the presses. I Herby withdraw my consent to be governed by these criminally insane, bastards.

Seal team six gone? Are you f##cking kidding me? 25 (31) of Amerikas best on one chopper at the same fu#king time? Get real. If you still don't see it you deserve what's coming.

This shit IS engineered, planned, plotted.

SDR's are coming your way. They have the infastructure in place and need to act now. Their boy obumma is not as effective as they had hoped and they can not let Americans and Germans have time to effectively revolt. They will act soon.

You have a govt now infested with muslim brotherhood moles and others. All through the pentagon and intelligence. Who do you think financed 2008? Major Hassan gets to murder 13 unarmed soldeirs on a military base? Hope & Change.

The military is being sacrificed - this is by design. Total setup. How many islamic moles are in US intel, the Pentagon, DIA, NSA now under open borders, islamic reach out and diversity? Many Major Hassan's.

Say what you will about Bush - I doubt Bush would ever set our guys up like this.

Both Bush ex-presidents are the biggest traitors to this country in the recent past. It comes from their father, Prescott, that wonderful Hitler supporter. From Poppy's involvement in the Bay of Pigs and JFK's murder, to the recent looting of the treasury just before Shrub left office, the Bush family has been fucking over this country for years.

You think the "failed assassination" attempt on Reagan was a real attempt on his life? Reagan received a message in his hospital bed - this was just a rehearsal. Speak your lines, do as you're told, and let Bush and Mumbles Casey run things, it's good for your health.

I agree that Obama is a cocksucker and a war criminal and probably a war profiteer in addition to being a traitor to working and poor people in this country, but no one, absolutely no one beats a member of the Bush family, any member, when it comes to committing treason.

I don't need drugs for that - my cells, imagination and seperation-from-self fires all on its own... drugs simply would be "too much to parse" for me.... i'm busy enough with my natural weird state of mind, thank you.

...if you have ever spoken with anyone in the business, who is dead now, you understand why they chose the mission, while you are looking at their dead body in the coffin as their wife and children stand in horror.

This reminds me of that feeling I had sitting next to Bob Woodruff and later hearing that he was going to Iraq. After speaking with him on a personal level, on a few occasions, I realized he was not the type of person that was going to just read the bullshit. He had an edge to him, and he did not lose it, even after his head was blown off. Prayers will overcome any wound. http://www.youtube.com/watch?v=lK92W2RzbjE